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cnbc.com
Brent crude rises 2% as U.S. military strikes against Iran cloud Middle East peace prospects
Donald Trump also said negotiations with Iran were "proceeding nicely," but cautioned that the U.S. could resume military action if discussions were to collapse.
bbc.com
'An £8,000 debt pushed me to breaking point'
A Bradford man who has struggled with debt urges others to reach out for help.
bbc.com
Bank holiday sun boosts South West tourism
Business owners in Devon and Cornwall describe how "the sun just brings everybody out".
cnbc.com
South Korea's Kospi hits new high amid mixed trading in Asia
Asia-Pacific markets were set to open broadly higher Tuesday, amid hopes for a breakthrough in the U.S.-Iran peace negotiations.
cnbc.com
U.S. conducts 'self-defense strikes' in Iran as Trump pushes for peace deal
Targets included missile launch sites and Iranian boats attempting to emplace mines.
bbc.com
Ferrari unveils first fully electric car
The new Luce model has divided opinion on social media, and comes despite intense pressure from Chinese EV makers.
bbc.com
Social media as bad for young people as smoking, top doctors say
The Academy of Medical Royal Colleges says doctors should routinely check on screen time and social media use when seeing younger patients.
cnbc.com
CNBC Daily Open: Faith in markets, doubts in diplomacy
Markets remain optimistic as talks inch toward an Iran deal.
bbc.com
Next boss warns of 'dramatic' fall in entry-level jobs
Lord Wolfson tells the BBC Next now typically receives double the number of applicants for one role than it did two years ago.
bbc.com
The rise of the fruit that tastes like custard
Custard apple plants are prized for their hardiness but exporting their delicate fruit is difficult.
cnbc.com
CNBC's The China Connection newsletter: Tariffs eased. Trust didn't.
As the largest consumer market globally, the U.S. still remains a prized destination for Chinese companies that are finding ways to address local concerns.
theguardian.com
Nurseries in England charging extra fees to cover funding gap, campaigners say
Head of Early Years Alliance says additional charges paid by parents represent ‘cross-subsidy’Parents of nursery children in England are being charged extra fees to cover for government underfunding of free childcare hours, with some paying thousands of pounds a year for consumables such as food, wipes and nappies, campaigners have said.The comments came as the education secretary, Bridget Phillipson, asked the competition watchdog to investigate hidden extra charges that parents have encountered when trying to access government-funded childcare. Continue reading...
theguardian.com
Rachel Reeves tells ministers to ‘buy British’ in four key industries
Exclusive: Chancellor pushes for procurement of ships, steel, energy and AI to prioritise Britishness as well as costRachel Reeves has instructed cabinet colleagues to award government contracts in four critical industries directly to British companies, making clear her irritation that ministers have been sending too much government business abroad.In a letter seen by the Guardian, the chancellor tells every cabinet minister in charge of a spending department to “buy British” wherever possible, adding that she is disappointed they are not already doing so. Continue reading...
theguardian.com
The Guardian view on the Pope and Claude: Leo XIV’s encyclical on AI is right to put humanity first | Editorial
In calling for regulation of the digital revolution, and foregrounding human dignity, the pontiff has contributed to a crucial ethical debateWhen the present pope adopted his regnal name, he explained the choice by reference to a 19th-century predecessor who used the papacy to address the great social question of his time. In the 1891 encyclical, Rerum Novarum (Of New Things), Pope Leo XIII analysed the social forces unleashed by the Industrial Revolution, and outlined principles for a just settlement between the forces of capital and labour. Leo XIV hopes to do something similar in relation to the accelerating digital upheaval of our own age.As anxiety grows over big tech’s impact on how we work and live, such ambition should be applauded. The early fruits of the pope’s work were presented in the Vatican on Monday after the publication of his first encyclical, Magnifica Humanitas (Magnificent Humanity). In 42,000 or so words the document itemises the daunting challenges posed by developments in artificial intelligence, and urges political leaders to safeguard human dignity as new technologies emerge at a pace which is outstripping ethical regulation and control.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
bbc.com
This beach hut costs the same as a three-bedroom house
A beach hut has gone on the market for £200,000 - the same price as some houses further along the Welsh coast.
theguardian.com
Peter Murrell pleads guilty to embezzling £400,000 from SNP
Former husband of Nicola Sturgeon faces long prison sentence after admitting stealing from party to fund lavish lifestyleLuxury watches, iPads and a Jaguar: what Peter Murrell bought with embezzled fundsPeter Murrell, once one of the most powerful people in British politics, faces a long prison sentence after he admitted to stealing more than £400,000 from the Scottish National party to fund a lavish personal lifestyle.The former SNP chief executive admitted on Monday he used the stolen money between 2010 and 2022 to buy items including a luxury motor home, a Jaguar SUV and a VW Golf, boutique cosmetics, iPads and a Lalique Feuilles salt and pepper set worth £2,618. Continue reading...
theguardian.com
Rebecca Hendin on Farage and the £5m – cartoon
Continue reading...
theguardian.com
Oil prices fall below $100 a barrel on hopes of Iran peace deal
Brent crude futures down 6% to lowest level in two weeks and stock markets riseOil prices fell below $100 a barrel on Monday and stock markets rose on hopes that the US and Iran are inching closer to a peace deal.Brent crude futures, the global oil benchmark, were down 6% to $97.43 a barrel, the lowest level in two weeks, with hopes that an agreement to end the near three-month US-Israeli war on Iran can be struck. Continue reading...
theguardian.com
Nigel Farage’s Russian hack claim ‘without any merit’, former NCSC chief says
Ciaran Martin says Reform UK leader’s allegation over Guardian report on £5m gift ‘entirely unsubstantiated’Nigel Farage’s claim that a Russian hack was behind a Guardian report on the £5m gift he received from a crypto billionaire has been described as “without any merit” by a former head of the National Cyber Security Centre.Ciaran Martin, founding chief executive of the agency, which is part of GCHQ, said Farage’s allegation, if true, would have major implications for UK policy towards Russia but that the Reform UK leader had yet to provide “a shred of evidence”. Continue reading...
theguardian.com
Schools are not preparing young people for jobs | Letters
The education system should not just be about passing exams, writes David Selby. Plus a letter from Mara MussoTwo quotes in your article (Schools are ‘pipeline’ to joblessness for many people, says ex-Labour adviser, 21 May) struck a chord with me: “a joyless education system that focused too heavily on passing exams” and “the level of vitriol and hatred these young people used when talking about schools”.I worked on the government’s Youth Opportunities Programme and Youth Training Scheme several years ago, and latterly on the Youth Offending Scheme as a volunteer for more than 20 years – and the quotes did not surprise me in the least. It was bad enough in secondary modern schools, where the majority of children took no exams at all. In the comprehensives and latterly in the academies, every effort is made to show off the school through its exam results, watched at a distance by those students with little or nothing to show for about 10 years of schooling. Continue reading...
theguardian.com
Here is Andy Burnham’s route to save Labour: a new manifesto, a new election and electoral reform | Polly Toynbee
Proportional representation can rescue Britain’s warped politics. It could stop Nigel Farage arriving at No 10 with less than 30% of the voteHere comes the prospect of redemption, a second chance for Labour to start over. A victory for Andy Burnham in the Makerfield byelection not only opens the door to No 10; a leadership contest also allows him and Wes Streeting to finally stretch their wings. Ideas currently firmly chained up in a Downing Street dungeon could be freed. Land value tax? Wealth tax? No more children in temporary accommodation? A national care service? Why not?Not to be outdone, the government itself has unleashed a burst of activity, with Rachel Reeves’s summer of fun, as well as speeding up a deal with the EU and online protection for children. Expect renewed effort on nearly a million Neets (young people not in education, employment or training) with radical plans from Alan Milburn this week.Polly Toynbee is a Guardian columnist Continue reading...
theguardian.com
Tui faces scrutiny over E coli-linked death of baby after holiday in Egypt
Two other small British children who stayed at same hotel fell critically ill from same condition months earlierThe travel company Tui is under scrutiny over its safety protocols after a British baby girl died from a gastric illness following a stay at an Egyptian hotel – the same resort where two other children were left critically ill from the same condition months earlier.Ariella Mann, one, died in January from a kidney condition linked to E coli after falling ill at the five‑star Jaz Makadi Aquaviva hotel in Hurghada on an all‑inclusive two‑week package holiday booked through Tui. Continue reading...
theguardian.com
Hundreds of homes in Kent and Sussex left without water after supply outages
Charing, Challock and Molash worst affected, as South East Water says ‘technical failure at pumping station’ to blameHundreds of homes in Kent and Sussex have been left without water by a company that MPs recently accused of incompetence.South East Water said the hot weather and extra demand for water meant it was having to pump more drinking water than usual to higher ground. Continue reading...
theguardian.com
Each side spins a different story about the US-Iran peace talks – but Tehran may have the last word | Rajan Menon
The twists and turns in this saga are bewildering, but Donald Trump appears to have the cards stacked against himFor those following the crisis between the US and Iran, the past few days have been bewildering. On Friday, the six-week-old ceasefire seemed doomed. Donald Trump skipped his son’s wedding to remain in the White House and was reportedly contemplating renewed military strikes on Iran. On Saturday, apprehension was replaced by optimism. Trump announced that an agreement with Iran would be concluded “shortly”. On Sunday, the US secretary of state, Marco Rubio, added to the hope by saying that there would soon be “good news”.Iran’s leaders soon dampened the optimism. The country’s media dismissed Trump’s social media post as propaganda, and Iranian officials highlighted several remaining points of dispute. As Tehran began revealing – in very general terms – its conception of a deal, the gap between it and Washington became even more evident. Continue reading...
theguardian.com
Delivery robots are spreading across LA. Residents ‘both pity and hate them’
A region known for its lack of walkability now has more obstacles for pedestrians to contend withRobots have taken over Los Angeles.It’s not just the AI-generated videos that have caused angst in Hollywood. Our streets are full of driverless Waymo vehicles, covered in more sensors and gadgets than the Batmobile. And our walkways are home to fleets of boxes on wheels, hurrying past pedestrians and navigating outdoor bar-hoppers as the robots deliver smoothies and keto-friendly salads. Continue reading...
theguardian.com
Scott McTominay’s overhead kick to feature on limited-edition £20 banknote
The Bank of Scotland has unveiled a £20 note featuring an image inspired by Scott McTominay’s iconic goalThe Bank of Scotland has unveiled a limited-edition £20 note featuring an image inspired by Scott McTominay’s famous overhead kick. It has been created to celebrate Scotland’s return to the World Cup, and fans will have a chance to win 50 of the 100 notes in the coming weeks.The design blends traditional banknote elements with imagery inspired by McTominay’s World Cup qualifying goal for Scotland against Denmark. The team sealed their place at a first men’s World Cup since 1998 with a dramatic 4-2 win at Hampden Park in Glasgow last November, when McTominay scored the first goal with an overhead kick. Continue reading...
theguardian.com
UK’s higher-earning immigrants may be driven out by tougher rules, report suggests
Figures raise questions over ministers’ plans to raise qualifying period for settled status from five years to 10Higher-earning immigrants are less likely to remain in the UK long-term and could be further deterred from staying by the government’s planned crackdown on settlement rights, analysis has revealed.A report from the Migration Advisory Committee’s , Who Stays, Who Leaves?, follows about 900,000 journeys between 2014 and 2024. Continue reading...
bbc.com
Oil prices slide on hopes of US-Iran peace deal
Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.
theguardian.com
Labour needs ‘system reset’ to tackle youth unemployment, report to say
Alan Milburn, who is leading review commissioned by government, says current strategy ‘going in wrong direction’Labour has failed to tackle soaring youth unemployment and must launch a “system reset” involving a fresh attempt to overhaul health and disability benefits, a report commissioned by the government is to warn.Alan Milburn, who is leading a review into why almost a million young people are not in education or work, said ministers had so far responded with a series of disjointed jobs programmes. Continue reading...
cnbc.com
European stocks highest since March 2 as U.S.-Iran talks continue; euro zone bond yields drop on peace hopes
Stocks in Europe are tracking their Asian counterparts higher after Japan's Nikkei 225 breached 65,000 for the first time.
theguardian.com
Trump Tower in Georgia to be built on land part-owned by son of US sanctions-hit leader
Links between Trump Organization and Ivanishvili family for Tbilisi skyscraper raise new conflict of interest concernsA Trump Tower planned for the Georgian capital, Tbilisi, is to be built on land currently part-owned by the son of the US-sanctioned leader of the country, according to official records.The proposed skyscraper, a joint venture between a local consortium and the Trump Organization, which is managed by the US president’s sons, Donald Trump Jr and Eric Trump, will be on a plot whose current registered owner is the International Charity Fund Cartu. Continue reading...
theguardian.com
A Louisiana state senator helped secure Meta’s largest datacenter. Then he sold the land beside it
Jay Morris denies experts’ claims that he violated ethics rules over land deals near the site of Meta’s Hyperion datacenterThis story is from Floodlight, a non-profit newsroom that investigates the powers stalling climate actionFor more than two years, John “Jay” Morris, a Louisiana state senator, helped pave the way for Meta to build one of the world’s largest datacenters, called Hyperion, in Richland Parish. Continue reading...
cnbc.com
Beware the boom and bust cycle of memory stocks, investors warn amid AI excitement
"In the long run, it's a pretty dreadful industry," William de Gale of BlueBox Asset Management, told CNBC's Europe Early Edition on Wednesday.
theguardian.com
A Britain where people cannot afford to raise children? We see that risk, and won’t let it happen | Bridget Phillipson
We are spending billions to help families with childcare, but I fear profiteers are denying them the full benefit. I’ll put a stop to thatBridget Phillipson orders review of hidden childcare charges hitting parentsBritain is facing a family crisis that politicians do not talk about nearly enough. Birthrates are now the lowest since records began. More and more young people are delaying having children – or deciding they simply cannot afford to have a family at all. When you look at the cost of raising children today, it is easy to see why.Families are feeling the pinch. Many now spend more than £250,000 raising a child to the age of 18. For many parents, the pressure starts long before school, with childcare costs that have risen far faster than wages for years.Bridget Phillipson is secretary of state for education, women and equalitiesDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
theguardian.com
Rise in shoplifting and theft in UK finds nine in 10 retailers in rural areas targeted
Exclusive: Research shows cost of crime for each affected business was on average £83,000 in past yearNine in 10 retailers based in rural locations have been victims of crime in the past 12 months, according to research, underlining the widespread impact of the rise in shoplifting and theft even in more remote parts of the UK.Rural retailers include farm shops as well as stores selling machinery and other equipment. The financial cost of crime for each affected retailer was on average £83,000 during the past year, according to a survey carried out by the commercial insurer NFU Mutual. Meanwhile, one in 20 victims said crime had cost them more than half a million pounds. Continue reading...
theguardian.com
The BHP files: World’s biggest miner BHP backtracks on climate action with key projects put on ice, leaked documents reveal
Exclusive: Cache of internal documents leaked to the Guardian and the ABC’s Four Corners show multinational has war-gamed ways to massively delay decarbonisationRevealed: the internal BHP memo that slammed the brakes on world’s biggest miner’s climate pushRead more from the BHP files investigation hereGet our breaking news email, free app or daily news podcastThe world’s biggest miner has halted or delayed projects to cut vast amounts of emissions and has quietly war-gamed options to push major climate investments in its Western Australian iron ore operations into the next two decades, internal documents show.An exclusive investigation based on documents leaked to the Guardian and the ABC’s Four Corners can reveal that BHP, one of Australia’s biggest historic emitters, has dumped plans for a facility that could have significantly reduced emissions and has put on ice renewable projects designed to power its iron ore operations in the vast, resource-rich Pilbara region. Continue reading...
theguardian.com
Australian taxpayers subsidise Big Mining’s use of fossil fuel to the tune of $4bn a year. It’s a strange way to tackle emissions | Adam Morton
Given the scale of its contribution to global heating, the world’s biggest miner has a duty to invest heavily in solutions that could have a global impactRevealed: the internal BHP memo that slammed the brakes on world’s biggest miner’s climate pushRead more from the BHP files investigation hereSign up for Adam Morton’s free Clear Air newsletter hereThe revelation that BHP cancelled and delayed commitments to act on the climate crisis should be a wake-up call.It matters in its own right: millions of tonnes of additional heat-trapping pollution will go into the atmosphere, adding to climate harm and making Australia’s climate targets that much harder to reach.Sign up to get climate and environment editor Adam Morton’s Clear Air column as a free newsletter Continue reading...
theguardian.com
Exclusive: Leaked documents show BHP’s climate backtrack - podcast
Nour Haydar speaks with Christopher Knaus about the BHP files – the cache of internal documents leaked to the Guardian and the ABC’s Four Corners – which show that the world’s biggest miner has war-gamed ways to massively delay decarbonisationAdditional audio in this episode was sourced by Financial Times LiveRead more: Continue reading...
theguardian.com
The world is heading toward a financial crisis – the state of US politics has left us ill-prepared
Trump’s second term has revealed that Washington’s policy response to such a crisis will be misguided and full of chaosA bona fide financial crisis has not broken out since the US housing meltdown of 2007. Even the Covid pandemic and subsequent upsurge in inflation didn’t lead to financial upheaval. The jitters produced by the collapse of Silicon Valley Bank in 2023 were soon forgotten.Given this stability, it might take some effort to convince financial markets that another big one is around the corner. But it is. Financial markets and their regulating governments may believe they have acquired immunity, but the world is careening toward a moment of financial upheaval that could well dwarf the damage caused by the last one. Continue reading...
theguardian.com
Metro Bank investors urged to reject executive pay report
Bonus scheme that could hand CEO a £60m windfall is ‘significantly out of line’ with market, says proxy adviserInvestors in Metro Bank are being urged to vote against the lender’s pay report next month, in protest of a complex bonus scheme that shareholder advisers say is “significantly out of line” with market standards.Institutional Shareholder Services (ISS), which issues voting advice to some of the world’s biggest investors, made the recommendation weeks ahead of the bank’s annual meeting on 2 June. Continue reading...
cnbc.com
Singapore reports lower-than-expected inflation for April at 1.8%, revises economic growth higher
Core inflation — which strips out prices of private transport and accommodation — came in at 1.4%, against estimates of 1.7%.
cnbc.com
Japan’s Nikkei 225 tops 65,000 for first time as oil falls on Hormuz reopening hopes
Japan’s Nikkei 225 breached 65,000 for the first time Monday as a sharp decline in oil prices lifted risk sentiment in holiday-thinned trading.
cnbc.com
AI wealth must benefit the public, South Korea's deputy PM says amid Samsung labor tensions
South Korea's deputy PM tells CNBC there are concerns as to whether AI could worsen wealth gaps or lead to job losses.
cnbc.com
Delivery Hero shares rise 10% as rival Uber mulls another takeover bid
Delivery Hero confirmed in a statement on Saturday that it had received a takeover offer from Uber of €33 per share.
cnbc.com
Iran is in the 'process of blinking' over the Strait of Hormuz, Petraeus says
Ex-CIA director David Petraeus said that an initial successful peace deal with Tehran would see the Strait opened without any conditions.
cnbc.com
Huawei plans new smartphone chips this fall as rivalry with Nvidia and Apple heats up
Chinese telecom giant Huawei announced Monday a new way of designing chips that improves their capabilities, despite U.S. restrictions on the company.
cnbc.com
Oil market at 'tank bottoms' in Asia, and Europe isn't far behind, warns market veteran Jeff Currie
Oil markets are nearing minimum operating levels in Asia, with Europe likely next and the U.S. potentially facing shortages by July, said Carlyle's Jeff Currie.
theguardian.com
A year after nationalisation, is South Western Railway delivering?
Rail minister Peter Hendy says fast rollout shows reforms are working as questions over reliability remainSouth Western Railway’s newest train, wrapped in union jack-inspired Great British Railways livery, may divide opinion on aesthetics, but the interior is certainly an upgrade: air-conditioned carriages, more space and greater passenger capacity.For ministers, the fact that it is the 45th Arterio model brought into service since the SWR network was nationalised is vindication of the GBR approach. Continue reading...
theguardian.com
Ministers urged to act as households in Great Britain face energy bill ‘anxiety’
Under government’s price cap typical gas and electricity bills are forecast to rise by £209 from this summerMinisters face growing calls to cut utility bills as millions of households in Great Britain face energy cost “anxiety,” with gas and electricity costs forecast to rise to almost £1,900 from this summer.The typical dual-fuel bill is expected to climb by nearly 13% under the government’s energy price cap, adding £209 a year to household costs, in a blow to families already hit by rising prices for essentials. Continue reading...
theguardian.com
HMRC made us wait a year for £150,000 tax rebate
The tax office is quick to demand money owed and threatens fines, but is slow when giving refundsWhen my mother died, there was a four-year delay in achieving probate owing to financial complexities. During this time my father paid inheritance tax (IHT) on the advice of his solicitor, to prevent interest accruing.It turned out that the solicitor’s estimate of the amount was wildly out. Continue reading...
bbc.com
'I don't think I'll ever be able to retire'
People in their 70s say they cannot afford to quit their jobs, but others say work keeps them young.
cnbc.com
CNBC Daily Open: Trump keeps the world guessing with mixed messaging on Iran deal
While he says that Washington will not rush into a deal, energy stockpiles risk hitting the red zone this summer.
bbc.com
How Saudi Arabia's spending spree reached the end of the line
MBS's Vison 2030 project seemed the stuff of science fiction. Now reality has bitten
bbc.com
'I live in survival mode': The rise of the multi-job workforce
More people are taking second jobs as rising costs and insecure work reshape how we earn a living.
bbc.com
Beer boom goes flat as breweries call last orders
The UK's brewery scene is shrinking as pubs close, costs rise and drinking habits change.
theguardian.com
K-pop androids and automated artists: welcome to South Korea’s strange and ambitious robot theme park
Galaxy Robot Park in South Korea hopes to attract tourists to concerts and fashion shows, but can robots ever replicate K-pop’s connection with fans?Four child-sized humanoid robots take the stage at an arena in eastern Seoul, and as the opening beats of a song by K-pop star G-Dragon begin, they start to dance.Arms swinging, legs stepping in sync, heads bobbing, wigs and baggy clothes swishing, until – mid-performance – one of them seemingly malfunctions and has to be removed from the stage. Continue reading...
bbc.com
Morocco wants tourists to visit Western Sahara. Some say it's tightening its control
The Moroccan government wants more Western holidaymakers to visit the territory it claims to own.
bbc.com
Indian billionaires buy foreign companies as growth slows at home
India Inc spent $18bn on global buyouts in 2025 and the deal value could cross $15bn in the first half of 2026.
cnbc.com
Space rockets, satellites, data centers and Grok: What's the right S&P sector index for SpaceX?
What S&P Sector is SpaceX likely to be in once it launches on the public markets.
cnbc.com
Trump not rushing Iran deal, whacks critics as 'losers'
The president said the U.S. naval blockade of Iranian ports would remain in effect until "an agreement is reached, certified, and signed."
theguardian.com
Bridget Phillipson orders review of hidden childcare charges hitting parents
Education secretary asks UK watchdog to look into nursery practices, including non-refundable deposits and add-onsBridget Phillipson, the education secretary, is ordering a competition review of hidden childcare charges amid concerns parents are being hit with extra charges, despite the government’s expansion of funded childcare hours.Phillipson has written to the Competition and Markets Authority (CMA) asking it to examine practices including nonrefundable deposits and compulsory add-ons. Continue reading...
cnbc.com
'The Mandalorian and Grogu' is Disney's lowest-ever Star Wars film opening
Disney's "The Mandalorian and Grogu" tallied and estimated $82 million in domestic ticket sales through its first three days in theaters.
theguardian.com
Amtrak is smashing ridership records. Is it ready to handle the World Cup?
The United States’ rail system has a dedicated customer base, but remains a niche option for most this summerSebastian Caillat didn’t know how fascinating the dental industry could be until he sat next to a dentist on an Amtrak ride from college in New York City to his childhood home in Washington DC in 2023. They spent the ride discussing the dentist’s efforts to self-fund his own practice. Caillat was surprised to learn the extraordinary cost of dental technology equipment – but also how interesting a conversation about dental technology equipment could be.In Caillat’s view, that conversation represented the magic of Amtrak trains, a mode of transport that he says encourages social interaction. He also saw this dynamic play out last summer, when he rode from New York City to Philadelphia for a Club World Cup match between Palmeiras and Botafogo. Fans of the Brazilian clubs engulfed a train that traveled through New York City and New Jersey, an area home to more than 70,000 Brazilians. Continue reading...
theguardian.com
‘It’s taking all of our money’: truck drivers in Iowa lament gas price surge sparked by Trump’s Iran war
As the summer season warms up, long-haul truck drivers lament their bills and vendors worry about raising pricesThe self-proclaimed largest truck stop in the world offers drivers just about everything they might need during a break. The Iowa 80 parking lots offer 900 spots for trucks and dozens more for passenger cars, while the varieties of snacks, drinks and souvenirs in the market are uncountable. Elsewhere on the premises is a dentist, a barber and a chiropractor, a weight room, a 24-hour diner and a movie theater. There is also a Truckomat, to wash your truck, and a Dogomat, to wash your dog.But the one thing that Iowa 80 does not offer is relief from the price of gas, which has increased sharply ever since the US joined Israel in attacking Iran and sparking a global energy crisis. On a recent afternoon, a gallon of regular gasoline at the sprawling stop in eastern Iowa went for $4.26, and diesel $5.72. Continue reading...
cnbc.com
Barriers grow for international students seeking U.S. jobs: The 'American dream ... is collapsing'
International graduates say a weak hiring market and changing immigration rules make it harder for them to achieve their American dream of working in the U.S.
cnbc.com
I’ve worked with over 1,000 kids—the ones with the best people skills use these 6 phrases
"Strong people skills are not the same as people-pleasing," says child life specialist and therapist Kelsey Mora, who's supported thousands of kids and families.
cnbc.com
The Middle East war is testing the Gulf's ambitions to become an AI hub
Attacks on data centers in the Middle East and persistently high energy prices have altered the calculus for operators of the facilities, analysts say.
theguardian.com
The devil owns Amazon: big tech has infiltrated the fashion world – will we see a revolt?
Anna Wintour has welcomed the Bezoses – and their patronage – with open arms. But after a controversial Met Gala, industry insiders are less enthusiasticThe press conference for the Met Costume Institute’s spring exhibition is always a stately affair, but this year it was giving “feudal lady addresses her serfs” or perhaps “Marie Antoinette during the last days of Versailles”. Here, among the spectacular marble sculptures of the art museum’s American wing, was a beaming Lauren Sánchez Bezos, who Anna Wintour introduced as a “force for joy”, before adding that “she and her husband, Jeff, have shown with this event that they genuinely, genuinely care about giving back”. Meanwhile, in the outside world, protests against the Bezoses’ involvement had been raging for days. The discrepancy between the word on the street and the deference within the glass-ceilinged room was head-spinning.The Met Gala has recently become a magnet for anti-excess protests, but this was its most controversial yet, owing to the $10m patronage of its honorary co-chairs, centibillionaires Jeff Bezos and Lauren Sánchez Bezos. It was not the first time Jeff Bezos bankrolled the gala – Amazon was its lead sponsor in 2012. But this year’s event came at a moment of soaring inequality, as Bezos’s personal wealth has mushroomed and his Donald Trump-appeasing decisions have made him less popular than ever with New York City’s left-leaning fashion and arts crowd. Continue reading...
theguardian.com
With oil markets nearing the danger zone, a US-Iran deal can’t come soon enough | Heather Stewart
Global prices are approaching a tipping point that could trigger inflation, shortages and, over time, recessionIf a US-Iran deal is about to be reached, three months on from the launch of Donald Trump’s Operation Epic Fury, it will not be a day too soon for oil markets, which are approaching a dangerous tipping point.The cost of a barrel of crude on the spot market – for immediate purchase, effectively – has bounced about $100 since Iran predictably responded to the onslaught from the US and Israel by closing the strait of Hormuz. Continue reading...
bbc.com
'Shameful' more spent on benefits than jobs for young people, says Milburn
Reforms are needed of the welfare system to tackle the high numbers of young people not in work or education, says Alan Milburn.
theguardian.com
How an Essex valley became one of the UK’s most exciting new wine regions
English wine grown in Crouch Valley is fast becoming globally renowned – even the French are taking noticeIt was a Thursday afternoon spent basking in the sunshine, strolling through rolling hills and expansive plains laced with fruit-bearing vines. Surely I must have been dispatched to Tuscany or Bordeaux but no, this was the scene a mere 20-minute drive from Chelmsford, Essex.While the unassuming city might be better know as the stomping ground for the cast of The Only Way is Essex, with ITV cameras a frequent sight, the surrounding area could soon have another claim to fame as an emerging capital of English wine, which is on the up. Continue reading...
bbc.com
City's living costs drive workers to food banks
It is so expensive to live in Cambridge a charity says people with jobs need subsidised food.
theguardian.com
£600 for cheese? The Brazilian beach scams that cost visitors dear
Travellers warned to beware of debit card cons after one was charged £1,500 for a kebab and another £3,000 for corn on the cobWhen Lisa Selby* used her debit card to pay for two slices of barbecued cheese from a beach vendor in Rio de Janeiro, she expected to pay 40 reais (£5.90) for the snack.But shortly after the payment had gone through, she realised that she had been charged 4,000 reais (£590) after the vendor added two extra zeros to the card reader. Continue reading...
theguardian.com
Tour groups, temporary routes and toilets: the reshaping of Rome – photo essay
Photographer Lorenzo Grifantini looks at how the Italian capital’s historic centre has gradually reorganised itself around the uninterrupted flow of visitors and the expectations projected on to itBy mid-morning, the area around the Trevi fountain is already difficult to cross. Visitors stop suddenly to take photographs while tour groups gather behind raised umbrellas, and security staff redirect the flow of people through temporary barriers placed around the monument. Nearby, souvenir kiosks sell rosaries, plastic gladiator helmets, bottled water and magnets in the summer heat.Tourists pose for photographs in front of the Trevi fountain Continue reading...
bbc.com
'Six eggs used to be £1' - why everyday essentials cost so much more now
Six supermarket brand eggs cost £1 in 2022. How much are they now, why have they gone up, and is anyone profiteering?
theguardian.com
Is Cornwall’s newest high street an inspiring model, or a threat to nearby Newquay?
Some locals fear Nansledan, touted as a blueprint for community-focused retail, is draining life from the town next doorA buzzard soars above wildflower meadows glinting with buttercups, as a giant construction vehicle whirs across a concrete pad where a new Tesco and a market hall are under construction.The development could be seen as a vote of confidence in a great British tradition. The Prince of Wales this week cured his hangover after Aston Villa’s Europa League win by checking out building work on what could be the UK’s newest high street, in Nansledan, Cornwall. Continue reading...
cnbc.com
‘Blue dot fever’? What's really behind a tricky summer dynamic for live music
As prices rise everywhere, consumers are choosing to be more intentional with how they're spending on live music and concerts this year.
cnbc.com
Three signs from APEC that the U.S. and China remain far apart on trade
U.S. and Chinese officials have met and spoken publicly about differing priorities since the Trump-Xi summit concluded in Beijing last week.
theguardian.com
SpaceX rocket bursts into flames during Indian Ocean landing – video
SpaceX launched its biggest, most powerful Starship yet on a test flight on Friday. It was an upgraded version of the spacecraft Nasa is counting on to land astronauts on the moon. It blasted off from the southern tip of Texas, carrying 20 mock Starlink satellites that were released midway through the hour-long flight that stretched halfway around the world. Despite some engine trouble, the spacecraft reached its final destination in the Indian Ocean where it erupted into flames on impact. The fire was not unexpected, according to SpaceXSpaceX launches its biggest rocket yet in test flight from Texas Continue reading...
bbc.com
The Leeds designer outlet that's 15 miles from Leeds
A rebrand of the junction 32 retail park off the M62 has gone down poorly with some locals in Castleford.
theguardian.com
Final frontier for meds? UK startup sends drug-making into space
BioOrbit hopes drug-crystallisation technology will lead to self-injected cancer treatment that could save millionsOnboard a SpaceX flight last week was a remarkable piece of cargo – a hi-tech box destined for the International Space Station to grow ultra-pure protein crystals, with the aim of producing self-injected cancer drugs.A British startup, BioOrbit, has developed the drug-crystallisation technology at its labs in London and launched Box-E, a compact unit the size of a microwave, on the 15 May rocket from Kennedy Space Center in Florida. Continue reading...
bbc.com
SpaceX launches massive Starship V3 rocket on test flight
The largest and most powerful rocket in history blasted off after its first attempted launch was postponed.
bbc.com
UK sees hottest day of year as bank holiday travellers face queues
Temperatures hit 28.4C in parts of England on Friday, while delays have been reported at the Port of Dover and Birmingham Airport ahead of the bank holiday weekend.
bbc.com
AI may speed up search for drugs to treat brain conditions
Researchers hope the work will help identify affordable, effective drugs to treat conditions like MND.
cnbc.com
Home Depot comps finally catch Lowe's, opening the door for the stock to do the same
It took nearly a year. But it finally happened this quarter.
bbc.com
Bank boss sorry after describing workers as 'lower value human capital'
The Standard Chartered boss said he values all colleagues and is committed to helping them cope with change.
cnbc.com
Kevin Warsh's real Fed 'regime change' may happen deep inside Wall Street's plumbing
Warsh could guide to a smaller role in day-to-day markets, while also setting clearer rules for how and when it should intervene.
bbc.com
Trump wants new Fed chair to be 'totally independent'
The US president piled major pressure on Kevin Warsh's predecessor to cut interest rates.
bbc.com
Why are unpaid debt court cases rising?
Why are unpaid debt court cases rising?
cnbc.com
U.S., Iran signal peace progress — but remain at odds over enriched uranium, Strait of Hormuz tolls
U.S. Secretary of State Marco Rubio on Thursday said there were "good signs" that an agreement to end the Middle East conflict is in sight.
bbc.com
Morrisons planning to close 100 stores in next few months
It said difficulties had been exacerbated by "significant cost increases resulting from government policy choices".
cnbc.com
Donald Trump Jr.-backed 'Steroid Olympics' are happening on Sunday. Here's what to expect
Olympic medallists are among 42 athletes competing in the controversial competition, but the Enhanced Games has big product plans beyond the event this weekend.
bbc.com
Stop blaming young people for being unemployed, says Amazon's UK boss
John Boumphrey says the education system "isn't necessarily producing young people who are ready for work".
bbc.com
Why thousands of stock trades tied to Trump are raising eyebrows
The BBC's Michelle Fleury looks at trades disclosed by the president.
cnbc.com
Crypto bros, scalpers and Logan Paul: Inside the world of Pokémon where cards are sold for millions
A Pokémon card boom is being driven by nostalgia, blockbuster card sales and speculation.
bbc.com
Laura Pomfret - CCJs, decrees and unpaid court debts
Laura Pomfret - CCJs, decrees and unpaid court debts
cnbc.com
An AI trade involving energy and infrastructure that's doubled your money, topping Nvidia
If you put the same money into a basket of companies that are building out AI infrastructure and energy sources, you’ve done much better than stocks like Nvidia.
cnbc.com
How Fanatics cornered the sports collectibles market
As FIFA's exclusive collectibles licensee, Fanatics is set to tap a rapidly growing market in the world's largest sport, but longstanding criticisms follow.
bbc.com
Love factually: Dating start-ups promise to cut the cheats
Frustration with fake dating profiles has spurred new dating services with different approaches.
bbc.com
The fight against foreign developers buying Caribbean beaches
Campaigners in Barbuda, Grenada and Jamaica say they can no longer access their coastlines.
bbc.com
Robo-top: The machines that could make your next t-shirt
Most clothes are made in Asia, but new machines could bring some of that work back to the West.
bbc.com
Why does Amazon have no Western rivals?
The internet giant dwarfs other online retailers on both sides of the Atlantic.
bbc.com
Rise in solar panel sales as people 'want to save money'
One director, who has just bought 2,000 panels, hopes to safeguard the company's future bills.
bbc.com
Inside the secretive and lucrative world of orchid breeding
It can take a decade to bring a new orchid to market, so breeders keep their hi-tech processes secret.
bbc.com
Smart glasses are 'an invasion of privacy' - Meta's are selling better than ever
The biggest tech firms are set to sell millions of smart glasses despite growing privacy concerns.
bbc.com
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
bbc.com
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
bbc.com
The £5.30 orange juice that tells the story of why supermarket prices are sky high
Butter, chocolate, coffee and milk have all seen prices rocket. Tracing back through the story of one particular supermarket staple begins to explain why
bbc.com
Prepare for turbulence - how a prolonged Middle East conflict could reshape how we fly
The Gulf's hub airports made long-distance travel cheaper - but now their future looks unclear.
bbc.com
Sir John Curtice: Why Labour's Brexit focus has shifted from Leavers to Remainers
Will the pursuit of a closer relationship with the EU risk courting electoral disaster by alienating Brexit-backing voters?
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